Korn/Ferry International (KFY) CEO Sells $2,001,000.00 in Stock
Korn/Ferry International (NYSE:KFY) CEO Gary D. Burnison sold 50,000 shares of Korn/Ferry International stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the sale, the chief executive officer now directly owns 198,700 shares in the company, valued at approximately $7,951,974. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Korn/Ferry International (KFY) opened at 39.85 on Friday. Korn/Ferry International has a one year low of $19.94 and a one year high of $40.64. The stock has a market cap of $2.25 billion, a PE ratio of 20.83 and a beta of 1.41. The stock has a 50 day moving average price of $35.81 and a 200-day moving average price of $33.51.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm had revenue of $401.25 million during the quarter, compared to analysts’ expectations of $392.91 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts expect that Korn/Ferry International will post $2.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.40 annualized dividend and a yield of 1.00%. Korn/Ferry International’s payout ratio is 20.83%.
Several brokerages recently issued reports on KFY. Sidoti began coverage on Korn/Ferry International in a research note on Monday, June 12th. They set a “buy” rating and a $43.00 target price on the stock. BidaskClub cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. SunTrust Banks, Inc. raised their price target on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, Deutsche Bank AG raised their price target on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.67.
A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its position in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after acquiring an additional 52 shares during the period. Hanseatic Management Services Inc. grew its position in Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after acquiring an additional 81 shares during the period. Texas Permanent School Fund grew its position in Korn/Ferry International by 0.8% in the second quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock worth $1,448,000 after acquiring an additional 350 shares during the period. Baskin Financial Services Inc. grew its position in Korn/Ferry International by 0.5% in the second quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock worth $4,137,000 after acquiring an additional 620 shares during the period. Finally, Mason Street Advisors LLC grew its position in Korn/Ferry International by 6.1% in the first quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock worth $423,000 after acquiring an additional 774 shares during the period. Institutional investors own 88.89% of the company’s stock.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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